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Commodities Market

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Tata Steel wins ‘Energy and Environment Foundation Global Water Conservation Award 2018’
24 Mar 10:36

Tata Steel’s OMQ (Ore, Mines and Quarries) Division has been conferred the ‘Energy and Environment Foundation Global Water Conservation Award 2018’ in the Platinum Category at the World Water Summit 2018 held at New Delhi. The award acknowledges and rewards outstanding innovation, promising water conservation and management practices undertaken by Indian industries from varied sectors. Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.

Tata Power’s TPDDL becomes first utility to be appraised ‘CMMI Maturity Level 3’
24 Mar 10:25

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi, has been appraised by KPMG for Capability Maturity Model Integration SVC / 3 (CMMI SVC/3) as per stringent guidelines of CMMI institute. TPDDL is the first utility in the world (including Power, Gas and Water) to successfully get appraised for the same. Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Physical Rubber prices witness weakness on Friday
24 Mar 10:24

Physical Rubber prices showed weakness on Friday. Spot prices for RSS-4 variety fell to Rs 122/ kg compared to its previous closing of Rs 123/ kg; while the RSS-5 variety declined to Rs 118.50/ kg compared to its previous closing of Rs 119.50/ kg.In the futures market, April delivery fell to Rs 118.90 compared to its previous closing of Rs 119.49, while May delivery closed at Rs 121.05 compared to its previous close of Rs 121.87 on the National Multi Commodity Exchange (NMCE).

NTPC strikes coal at Dulanga Coal Mine
24 Mar 10:15

NTPC has begun extraction of coal from its Dulanga coal mine located in the state of Odisha. Besides, the company as commissioned first unit of 800 MW of Lara Super Thermal Power Project (Stage-I: 2x800 MW) on March 23, 2018. With this, the total commissioned capacity of NTPC and NTPC group has become 46100 MW and 52991 MW respectively.NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

City Union Bank inaugurates two new branches
24 Mar 10:12

City Union Bank has inaugurated 2 new branches on March 23, 2018. The Bank has opened its 598th branch in Kishangarh and 599th branch at Kutchery Road, Ajmar District in the state of Rajasthan.City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards and the Bank also offers services, such as internet banking, mobile banking, including online funds transfer and fixed deposit operations. The Bank operates in four segments, which includes Corporate/Wholesale banking, Retail Banking, Treasury and Other Banking Operations.